13 Best Banks in Delaware for 2023

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In the small state of Delaware, it can be challenging to find a bank with superior financial products. The best banks in Delaware listed below help you achieve that goal.

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Did you know that Wells Fargo operates over 6,000 branches across the United States? While this bank is certainly large, it’s not the largest bank in Delaware. 

In fact, many national, community, and local banks are located within Delaware. Some of them don’t require you to be a Delaware resident, but it certainly helps to get the most out of your new account. 

Our list below includes several banks in Delaware that offer superior services for residents. These Delaware-based banks can help you manage your money, whether that’s through your typical checking account or investment and retirement accounts. 

Many banks on our list below also offer sign-up bonuses and welcome offers. Keep this in mind as you’re looking through the best banks in Delaware to make a shortlist and see how you can make your need for a checking account earn you some money. 

Are you ready to learn more about the best banks in Delaware? Let’s get started!

13 Best Banks in Delaware

Some of the best banks for freelancers are local and willing to offer personalized service. Others sport the best banking apps and stay on the cutting edge of technological advances. 

No matter what type of bank you’re looking for in Delaware, you will find a great one below.

1. All4You Federal Credit Union 

If you live, work, attend school, or worship in New Castle, Wilmington, Newark, or any surrounding area, you can become part of the All4You Federal Credit Union. This credit union offers personal and business bank accounts you can use to your advantage. 

Open a Share Builder account to earn a competitive APY most online-only banks have trouble beating. For the All4You Federal Credit Union savings accounts, your APY is tiered to how much you have in the account. 

Most checking accounts from this credit union don’t require a minimum balance or monthly fee. You can also participate in online and mobile banking if you don’t want to visit a physical branch. 

Your first order of checks is free with an All4You Federal Credit Union account. You’ll need $50 to open one, and you’ll have to meet minimum balance and deposit requirements for the highest interest rates. 

2. Artisans’ Bank 

Artisans’ Bank offers FDIC-insured bank accounts, including checking, savings, and money market accounts. You can also apply for several credit cards that offer cash-back rewards. 

This bank opened in 1861 and has been serving Delaware residents ever since. It operates 12 branches in the state, along with two commercial lending offices. 

You can also find small business banking services at Artisans’ Bank. These include business bank accounts, credit cards, and loans. 

3. Barclays Bank 

Though Barclays Bank only has a single location in Wilmington, Delaware, it is classified as a global bank. This bank is well-known for its high-interest savings accounts and CDs, but it offers some of the best bank accounts for those who don’t want to pay a monthly fee. 

Barclays Bank is also known for charging less if you have to withdraw from your CD early. This bank offers a wide range of rewards credit cards and customer service available seven days a week. 

4. Community Bank Delaware

Locally owned and managed, Community Bank Delaware offers several financial products and services, which include: 

  • Checking accounts
  • Savings accounts
  • Mortgages
  • Credit cards
  • CDs
  • Home equity loans

You can also open several business bank accounts at Community Bank Delaware. This bank offers merchant services, credit cards, and checking and savings accounts. 

Additional personal banking services include wire transfers, cashier’s checks, online banking, direct deposit, and safety deposit boxes. Check out Community Bank Delaware if you need to break up with your current bank and want a new bank account. 

5. County Bank 

As simple as this bank’s name sounds, the possibilities of what you can do with its financial products and services are endless. County Bank operates seven branches in Delaware and offers its Free Kasasa Cash Checking account if you want to avoid monthly fees. 

You’ll need $25 to open this account, which doesn’t have a minimum balance requirement. You’ll also gain access to online bill pay and mobile banking. 

If you enroll in e-Statements, log into your online bank account once, and make 12 debit card transactions monthly, you can earn interest on your checking account balance, up to $10,000. You can also get $20 of ATM fees reimbursed if you meet these requirements. 

6. Del-One Credit Union

Even if you have a ChexSystems profile entry, you can open an account with Del-One Credit Union. This credit union requires that you pay back what you owe a year before you seek a new account, have only one bank reported on your profile, and have no outstanding charges or fraud claims. 

The Regular Checking account from Del-One Credit Union doesn’t require a minimum balance or monthly maintenance fee. You can also earn interest on your balance if you have more than $500 in your new account. 

You’ll need at least $5 to open a Regular Checking account. It also comes with unlimited check writing, a debit card, and mobile and online banking access. 

Del-One Credit Union operates 10 locations across the state of Delaware. To be eligible for membership, you must live, work, or worship in Milford, Newark, Wilmington, West Dover, or Georgetown. 

7. Fulton Bank 

Open a Simply Checking account from Fulton Bank, and you won’t pay monthly fees or be held to a minimum balance requirement. This bank also offers a rewards Visa debit card and online banking with bill pay. 

If you’re between 18 and 24, you can receive a reimbursement for your non-network ATM fees, up to $10 monthly. Otherwise, you must eat the $2.50 fee to access an out-of-network ATM. 

8. Louviers Federal Credit Union 

This credit union is the fifth largest in the state and serves almost 20,000 residents from four branches. If you want to open a savings account to get your nest egg started, the Preferred Savings Account from this credit union ranks highly. 

This savings account offers above-average savings interest rates. However, you must have at least $2,500 to add to the account. 

Headquartered in Newark, Louviers Federal Credit Union also offers overdraft protection. Check it out if you’re in Delaware and need a new bank account to start fresh. 

9. M&T Bank 

Choose from four checking accounts at M&T Bank, which has locations in Wilmington and New Castle. This bank also offers Zelle, digital banking, and mobile deposits. 

The EZ Choice Checking account is free. You can also open a MyWay Banking account if you don’t need to write checks or want to pay overdraft fees. 

Open a MyChoice Plus account, and you’ll earn interest on your balance. You can also open a MyChoice Premium account to earn competitive rates on loans and other products. 

M&T Bank operates over 700 branches and 1,800 ATMs across 11 states. It also doesn’t charge monthly fees for its accounts, which are connected to a vast ATM network. 

10. PNC Bank 

Ranked among the largest banks in the U.S., PNC Bank has 30 branches located in Delaware alone. PNC Bank is well-known for its Virtual Wallet accounts that come with a generous sign-up bonus. 

These combined checking and savings accounts allow you access to online bill pay, a debit card, and free mobile banking. You can also avoid the monthly maintenance fee if you maintain a direct deposit balance. 

PNC Bank offers mortgages, loans, auto and personal loans, refinancing, and home equity lines of credit. While the high-yield savings account offers a competitive rate, it’s unavailable in all states. 

11. The Bank of Delmarva

With branches scattered across three counties, The Bank of Delmarva offers personal and business banking products. These include business loans, merchant services, money market accounts, CDs, IRAs, checking accounts, and savings accounts. 

This community bank offers a Free Personal Checking account that requires $50 to open. It comes without monthly maintenance fees or minimum balance requirements. 

You’re connected to online and mobile banking with The Bank of Delmarva. This bank also scores high for top-notch customer service across its dozen branches in the state. 

12. Wells Fargo 

If you’re looking for the best checking accounts nationwide, look no further than Wells Fargo. This heavy hitter in the financial sector offers several perks and accounts, from checking and savings to money market and retirement. 

You’ll find a slew of Wells Fargo locations available in Delaware. Here, you can obtain personal and auto loans, investment accounts, credit cards, home loans, and small business options. 

Wells Fargo also offers a financial advisor you can turn to if you want to achieve a goal or set up the path to get there. There are 16 Wells Fargo locations with 31 ATMs throughout Delaware. 

13. WSFS Bank 

WSFS Bank offers several checking accounts, including accounts with fees you can waive. For example, the Free Direct Checking account comes without a monthly fee if you set up direct deposit within 90 days of opening your account. 

If you fail to do this, WSFS Bank only charges $6 monthly. This account also comes with loan discount rates and overdraft protection. 

You’ll need $100 to open this basic checking account. You can also open a Core Checking account if you have $500 to deposit immediately. 

In addition to checking accounts, WSFS Bank offers savings accounts, wealth management, credit cards, and loans. If you open a CD, you’ll enjoy competitive interest rates. 

WSFS Bank also offers business banking solutions, including cash management, merchant services, and SVP management. Access your accounts any time from the 670 ATM locations scattered throughout the state. 

Savings Accounts vs. Money Market Accounts

Banks offer both savings accounts and money market accounts that allow you to save money and earn interest on your balance. While they may seem similar on the surface, the two are distinct in the following ways:

Savings Accounts

Savings accounts allow you to withdraw and deposit money as you earn interest. Many have fewer restrictions, including lower minimum balance requirements and interest rates such as the ones in the table below:

Best for large balances
No monthly fees
Offers welcome bonus
Ease of use
No balance req.
APY: 5.00%
APY: 4.65%
APY: 4.60%
APY: 4.50%
APY: 4.40%
Minimum to Earn APY: $5,000
Minimum to Earn APY: $100
Minimum to Earn APY: $1
Minimum to Earn APY: $100
Minimum to Earn APY: $0
Bonus: N/A
Bonus: N/A
Bonus: $300
Bonus: N/A
Bonus: N/A
Best for large balances
APY: 5.00%
Minimum to Earn APY: $5,000
Bonus: N/A
No monthly fees
APY: 4.65%
Minimum to Earn APY: $100
Bonus: N/A
Offers welcome bonus
APY: 4.60%
Minimum to Earn APY: $1
Bonus: $300
Ease of use
APY: 4.50%
Minimum to Earn APY: $100
Bonus: N/A
No balance req.
APY: 4.40%
Minimum to Earn APY: $0
Bonus: N/A

Money Market Accounts

Money market accounts are hybrid accounts that combine a checking and savings account. Minimum balance requirements are higher for this type of account, but account holders earn a higher interest rate such as the ones in the table below:

  • Ponce High Yield Money Market Account
  • American First Credit Union Money Market Deposit Account
Ponce High Yield Money Market Account
American First Credit Union Money Market Deposit Account
Quontic Money Market Account

Overall, money market accounts let you write checks, make transactions, and are generally more flexible than savings accounts. However, they are limited to those who can deposit more into the account immediately.


What is the largest bank in Delaware?

PNC Bank is the largest bank in Delaware. Wells Fargo and M&T Bank follow closely behind, with many locations scattered throughout the First State. 

How many banks are there in Delaware? 

There are 36 banks in Delaware. There are also 21 credit unions throughout the state. 

Which of the best banks in Delaware offer free checking accounts?

WSFS Bank, PNC Bank, M&T Bank, and The Bank of Delmarva offer free checking accounts. Some of them, like others on our list, require that you meet specific requirements to waive the monthly fees. 

Should you open a savings or money market account? 

Many people prefer money market accounts because they are more flexible and offer a higher interest rate. However, savings accounts typically require a lower minimum account balance, which can be easier for some account holders to attain. 

Put Your Finances First in the First State

Banking in Delaware requires similar accounts and features as anywhere else in the country. However, Delaware residents can take advantage of several local and community banks that offer superior banking experiences for those looking to take their finances to the next level. 

We hope this article helps you find the best banks in Delaware. You can’t go wrong with any of the banks listed above, especially if you’re looking for a bank that balances local and personalized service with plenty of financial products and services to help you achieve your dreams. 

Which of the best banks in Delaware will you choose? 

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About the author

Brian Meiggs
Hi, I'm Brian Meiggs! A personal finance expert, entrepreneur, and the founder of My Millennial Guide. My drive is to help others unlock the wealth of freedom and pave the path to financial success. With my bachelor's degree in finance, I help millennials follow the smart money in order to increase their earning potential and start building wealth for the future. I write regularly about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. I have been quoted in major publications including Business Insider, Yahoo Finance, NASDAQ, Discover, GoDaddy, BiggerPockets, Fox News, Debt.com, Quick Sprout, Money Geek, MSN Money and many more!